U.S. Bitcoin Spot ETF Trading Volume Approaches $2 Trillion

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ChainThink reports, according to The Block, that U.S. spot Bitcoin ETFs have accumulated a total trading volume of $1.99 trillion since their launch in January 2024, and are on track to surpass $2 trillion this Friday, just about two and a half years after listing.

BlackRock’s IBIT dominates with a 73.7% share of trading volume and currently manages approximately $49 billion, while the total assets under management across all spot Bitcoin ETFs exceed $76 billion.

In terms of fund flows, this type of ETF has seen a cumulative net inflow of $53.9 billion since its listing, but has experienced a net outflow of $7.6 billion since Bitcoin reached its historical high of approximately $126,000 in October last year. This year alone, there has been a net outflow of $3 billion, including a recent 13-day consecutive period totaling $4.3 billion in net outflows.

Ethereum spot ETFs have also seen net outflows of approximately $1.1 billion this year. Bitcoin is currently trading at around $63,750, down about 50% from its all-time high.

Additionally, BlackRock filed Form 8-A with the SEC on Thursday to complete the registration of the iShares Bitcoin Premium Income ETF, which plans to generate income by actively selling options on IBIT shares and a Bitcoin ETP index; analysts believe its listing is imminent.

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